“Is Islamic finance an alternative to conventional finance” discuss.

Islamic finance is one of the fastest-growing segments of today’s banking industry. There has been an increased interest in Islamic finance due to the recent Global financial crisis which saw the end of an economic boom which is inevitable aspect in Capitalism. This accruing pattern of boom and bust is down to the principles of capitalism and its proneness to crisis. It is said the crisis are a consequences of speculations, risky lending and high interest rates on short term loans.

Since the financial crisis of 2008 the search for an alternative economic model had shone the light on Islamic finance due to the possibility of avoiding a financial crisis. Therefore I want to investigate how the principles of no interest rates and equity based finance could improve the current financial system and avoid future financial crisis. I would also like to investigate if Islamic finance is a real alternative to conventional banking outside the Islamic world and whether it provides the much needed stability in banking sector.

Farhia Abukar

2nd Year Political Economy

Isir Hussein

2nd Year Political Science






Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: